Invesco QQQ Trust (NASDAQ:QQQ) Holdings Trimmed by Nelson Van Denburg & Campbell Wealth Management Group LLC

Nelson Van Denburg & Campbell Wealth Management Group LLC cut its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 23.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,335 shares of the exchange traded fund’s stock after selling 17,003 shares during the quarter. Invesco QQQ Trust makes up about 1.9% of Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings, making the stock its 6th biggest position. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Invesco QQQ Trust were worth $10,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc bought a new stake in Invesco QQQ Trust in the second quarter worth about $8,993,000. Morgan Stanley raised its position in Invesco QQQ Trust by 59.8% in the second quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock worth $3,317,260,000 after acquiring an additional 6,650,061 shares during the period. Thoroughbred Financial Services LLC raised its position in Invesco QQQ Trust by 19,082.5% in the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after acquiring an additional 5,888,658 shares during the period. Mizuho Securities USA LLC raised its position in Invesco QQQ Trust by 7,878.1% in the second quarter. Mizuho Securities USA LLC now owns 1,259,582 shares of the exchange traded fund’s stock worth $235,355,000 after acquiring an additional 1,243,794 shares during the period. Finally, Charles Schwab Investment Advisory Inc. raised its position in Invesco QQQ Trust by 158.7% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 1,532,770 shares of the exchange traded fund’s stock worth $286,230,000 after acquiring an additional 940,217 shares during the period. Institutional investors and hedge funds own 44.69% of the company’s stock.

QQQ stock traded up $1.34 during mid-day trading on Wednesday, hitting $186.76. The company had a trading volume of 424,474 shares, compared to its average volume of 33,346,078. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $195.55. The stock’s fifty day moving average price is $188.57 and its two-hundred day moving average price is $186.39.

The business also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, September 24th will be given a $0.3842 dividend. This represents a yield of 0.8%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Trust Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

See Also: Dividend Achievers

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.